Zscaler's Fiscal 2031 Annual Recurring Revenue Target is Powered by High-Growth Engines, RBC Says
MT newswire2026/10/07 14:4110:41 AM EDT, 10/07/2026 (MT Newswires) -- Zscaler's (ZS) annual recurring revenue target of over $8 billion by fiscal 2031 is powered by the company's Zero Trust Branch and Cloud, Data Security, and Security for AI platforms, alongside double-digit growth from the Zero Trust SASE for Users segment, RBC Capital Markets said in a research note emailed Wednesday. The company's upside scenario of $10 billion in ARR by fiscal 2031 is predicated on faster-than-expected adoption of agentic AI, which management believes would speed up demand across the platform, analysts wrote. On the viability of these targets, RBC believes AI will serve as a tailwind for the broader platform due to increased traffic, rising need for data security, and broader demand for architecture modernization, according to the note. The brokerage said it reiterated its outperform rating on the stock and price target of $236 per share. Price: 210.87, Change: -1.38, Percent Change: -0.65
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
SNT Holdings, Related Party Raise Combined Stake in SNTEnergy to 55.75% From 52.75%
Cold wave and rising fuel costs drive electricity prices in northeastern Japan and Tokyo to a four-year high
Japan's spot electricity prices surged to multi-year highs over the weekend.
Google (GOOGL.US) warns that new Australian cybersecurity regulations may cut off minors' access to Gmail
Google stated that a new cybersecurity bill in Australia could prevent minors from using Gmail.
Canaccord Genuity: Lowers Oklo's target price to $66
Crypto prices
More
